Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems, Inc. (NASDAQ: MRCY) announced a $7.4 million order from a leading defense contractor for active matrix LCD modules, aimed at enhancing multi-function display cockpit applications. Expected to be delivered over several quarters, this order reflects Mercury's innovative technology solutions designed for aerospace and defense. The modules are recognized for their reliability and high-resolution features, essential for advanced fighter aircraft operations. This contract signifies Mercury's alignment with the National Defense Strategy and its commitment to delivering safe airborne technologies.

Mercury Systems, a leader in aerospace and defense technologies, announced its participation in the J.P. Morgan Industrials Conference from March 15-17, 2022, in New York City. The company's management will present an overview of its business on March 15 at 10:30 a.m. ET. This presentation will be available via a live webcast on Mercury's investor website, with a replay accessible for 30 days post-event. Mercury Systems aims to deliver secure and innovative solutions for mission-critical applications, supporting safety and security globally.

Mercury Systems (MRCY) announced a significant $165 million contract from the U.S. Air Force for secure flight data recorders, aimed at enhancing the F-16 fleet. The contract includes an initial $16.4 million order and spans a 72-month performance period. This development aligns with the company’s strategy to meet defense customer needs by providing reliable, cost-effective technology solutions. Notably, the awarded system integrates two functionalities, supporting existing software without modifications while improving operational efficiency.

Mercury Systems has launched new avionics modules, FIOVU-2180 and CIO10-2080, featuring the latest Intel Xeon D-1700 processors. These 6U OpenVPX™ modules are the first in the market to be safety-certifiable, providing 2-3x the processing performance of their predecessors. Designed for mission-critical applications in aerospace and defense, they enhance situational awareness and reduce operational risks. The modules incorporate advanced technology to support real-time processing for AI applications, with available orders now accepted.

Mercury Systems has introduced an equity retention plan aimed at retaining critical leaders in the current challenging industry environment. Approved by the Board of Directors on February 7, 2022, this plan recognizes the substantial contributions of select employees and seeks to align their interests with those of the shareholders. Notably, participants will receive larger equity awards on February 15, 2022, ahead of the typical schedule. The company emphasizes its commitment to leadership retention to ensure strategic advancement and long-term growth amidst a tough labor market.

Mercury Systems reported solid second-quarter results for fiscal 2022, with revenues of $220 million, a 5% increase year-over-year, and bookings of $237 million, yielding a book-to-bill ratio of 1.08. The company completed the acquisitions of Avalex Technologies and Atlanta Micro, enhancing its capabilities. However, it reported a GAAP net loss of $2.6 million or $(0.05) per share, compared to a net income of $12.7 million in the same quarter last year. The company forecasts revenues between $1.00 billion and $1.03 billion for the full fiscal year.

Mercury Systems (NASDAQ: MRCY) announced a significant $17 million contract to supply RF microelectronics for missile capabilities, enhancing air dominance for the U.S. and allies. This award was received in the fiscal 2022 first quarter and will be fulfilled over the upcoming quarters. The company emphasizes its role as a vital defense partner, leveraging over 40 years of microelectronics experience for quality production and rapid deployment. This contract reinforces Mercury's position in the defense-grade microelectronics supply chain.

Mercury Systems recently launched the Model 5585 and Model 5586 SOSA-aligned Xilinx Virtex UltraScale+™ FPGA 3U VPX modules, the first in the market to include high-bandwidth memory (HBM) integrated on the chip. This advancement delivers a 20x increase in memory bandwidth over traditional DDR4 memory, enhancing performance for applications such as electronic warfare and radar. The modules promise improved power efficiency and reduced size, weight, and power (SWaP) requirements, vital for mission-critical operations.

Mercury Systems introduces the new RFM3202 sensor, a SOSA aligned wideband transceiver designed for demanding spectrum processing applications. This advanced module consolidates multiple capabilities into a compact design, enhancing performance for smaller platforms such as unmanned vehicles and space-constrained vessels. It features four high-bandwidth channels, delivering an instantaneous bandwidth of 2 GHz per channel and a tunable frequency range of 2–18 GHz. Orders for the RFM3202 are now being accepted, aiming to meet the evolving needs of aerospace and defense industries.